BlockTower Series 4

BlockTower Series 4 Tinlake Pool deploys capital into Structured Credit products, generally falling into three major buckets: consumer ABS, auto ABS, and CLO.

Two tranches of ERC20 tokens:

• Senior : DROP tokens also represented as BT4DRP
  The DROP Token will represent the fixed four percent (4.00% APR) senior financing provided by Maker as the sole senior lender.
  
  
• Junior : TIN tokens also represented as BT4TIN
  The TIN Token will represent the junior equity position that will be subject to the first losses up to their full value, thereby acting as a buffer against losses to the senior lender. Issuer will target a minimum ratio of thirty (30) TIN Tokens to seventy (70) DROP Tokens. The TIN Tokens will be purchased and solely retained by BlockTower Credit to demonstrate their confidence in the asset pool.

Investments are made through a Centrifuge smart contract on Ethereum blockchain called Tinlake.